Europe Cosmetics Market Size & Outlook, 2023-2030
Europe cosmetics market, 2018-2030 (US$M)
Related Markets
Europe cosmetics market highlights
- The Europe cosmetics market generated a revenue of USD 60,965.7 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 60,965.7 million |
| Market revenue in 2030 | USD 87,188.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, Europe region accounted for 20.6% of the global cosmetics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 208,494.6 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 43.6% in 2023. Horizon Databook has segmented the Europe cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
The cosmetics market in Europe adhere to EU regulations that are more stringent than those in the U.S., bolstering consumer confidence in product quality. These regulations are overseen by the EU Commission, with Regulation (EC) No. 1223/2009 serving as the primary legislation for finished cosmetics in the EU.
The EU's chemical and cosmetics regulations are obligatory for all Member States and are enforced nationally, with each EU country having a competent authority responsible for ensuring compliance.
Reasons to subscribe to Europe cosmetics market databook:
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Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
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Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
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Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Europe cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Europe cosmetics market size, by country, 2018-2030 (US$M)
Europe Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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